PNC Bank Economics

I recently joined PNB bank for my job and heard about the PNC's bank Economics Department. Can you tell me what types of works performed by this department of bank? And also provide me the Economic Outlook Survey guide for more info?

Please provide me with the PNC banks’s economic releases from the recent past for the US economy structure?

[pawan]

PNC's Economic Releases offer analysis of the major economic indicators and breaking news and how that news or data will outline the overall economic outlook and financial market trends.

The weak October Retail Sales, PPI Falls, but Consumer Sentiment looks better; on Track for December Rate Hike as on 11-13-15

The Summary of the report:

Retail sales rise just 0.1 percent in October, below prospect. Sales were weighed downwards by lower gasoline prices.

Despite this report, solid ground rules will make this holiday season a good one for retailers.

The manufacturer price index fell 0.4 percent in October, against potential for an increase. Prices were largely lower.

Consumer response rebounded in November to its highest level since the summer. Both the prospect and current conditions components rose over the month.


The detailed report can be found in the attached file below

October retail sales report





Super-Strong October Jobs Report: Payrolls Up 271,000, Unemployment Rate Down To 5.0 Percent as on 11-06-15

The Summary of the report:

The U.S. financial system added a very strong 271,000 jobs in October, with a net optimistic upward revision to job increase in August and September of 12,000.

The being without a job rate fell from 5.1 percent to 5.0 percent, its tiniest level since April 2008.

Average hourly pay packet jumped a very good 0.4 percent in October, and is up 2.5 percent from one year previous.

The detailed report can be found in the attached file below

Super strong job reports






Economy Continues to Expand at End of 2015, With Solid Job Growth as on 11-04-15

The Summary of the report:

The private segment added 182,000 jobs in October, according to a review from payroll-processing firm ADP.

The trade shortfall narrowed in September, although trade will be a heave on growth in the near term.

Auto sales were very sturdy again in October, at 18.2 million units at an yearly rate.

The ISM non-manufacturing review was a very good 59.1 percent in October, with rock-solid details.

The detailed report can be found in the attached file below

Economy continues to expand